Thomist Capital Management LP Sells 292,541 Shares of Darling Ingredients Inc. $DAR

Thomist Capital Management LP trimmed its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 74.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,059 shares of the company's stock after selling 292,541 shares during the quarter. Darling Ingredients accounts for 1.2% of Thomist Capital Management LP's portfolio, making the stock its 16th largest position. Thomist Capital Management LP owned approximately 0.06% of Darling Ingredients worth $3,738,000 at the end of the most recent reporting period.

• Darling Ingredients In Buy Range After Q2 Earnings Report

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Darling Ingredients by 0.5% during the first quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company's stock worth $488,654,000 after purchasing an additional 73,925 shares during the period. Maven Securities LTD boosted its holdings in shares of Darling Ingredients by 328.9% in the first quarter. Maven Securities LTD now owns 32,168 shares of the company's stock valued at $1,005,000 after buying an additional 24,668 shares during the period. Nuveen LLC acquired a new position in shares of Darling Ingredients during the first quarter worth about $11,546,000. PNC Financial Services Group Inc. grew its stake in shares of Darling Ingredients by 6.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,450 shares of the company's stock worth $358,000 after acquiring an additional 706 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Darling Ingredients by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,114,704 shares of the company's stock valued at $34,823,000 after purchasing an additional 15,305 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Trading Up 0.8%

Shares of NYSE:DAR opened at $37.06 on Wednesday. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $42.15. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.87 and a current ratio of 1.49. The company has a market capitalization of $5.86 billion, a P/E ratio of 55.32, a price-to-earnings-growth ratio of 2.58 and a beta of 1.29. The company has a 50-day simple moving average of $32.91 and a 200 day simple moving average of $33.52.

• The 10 Top-Rated Stocks by Wall Street Analysts in August 2021

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.39%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $0.11 EPS. Darling Ingredients's quarterly revenue was up 10.0% on a year-over-year basis. Sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Piper Sandler decreased their target price on shares of Darling Ingredients from $50.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, October 24th. Cowen upgraded shares of Darling Ingredients from a "hold" rating to a "buy" rating in a research note on Tuesday. TD Cowen raised Darling Ingredients from a "hold" rating to a "buy" rating and lifted their target price for the company from $34.00 to $45.00 in a research report on Tuesday. Weiss Ratings reissued a "sell (d)" rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group raised their price target on Darling Ingredients from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Darling Ingredients has an average rating of "Moderate Buy" and a consensus price target of $45.33.

• Darling Ingredients’ Sales, Earnings Soar On Clean Energy Demand

View Our Latest Stock Analysis on Darling Ingredients

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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